Zimmer Biomet Holdings Inc (NYSE: ZBH) has a price-to-earnings ratio that is above its average at 26.16x. The stock has a 36-month beta value of 1.04. Opinions on the stock are mixed, with 9 analysts rating it as a “buy,” 9 as “overweight,” 9 as “hold,” and 1 as “sell.”
The public float for ZBH is 205.45M, and at present, short sellers hold a 2.07% of that float. On May 09, 2024, the average trading volume of ZBH was 1.41M shares.
ZBH) stock’s latest price update
Zimmer Biomet Holdings Inc (NYSE: ZBH)’s stock price has dropped by -0.48 in relation to previous closing price of 121.43. Nevertheless, the company has seen a gain of 1.08% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-02 that Zimmer Biomet Holdings, Inc. (NYSE:ZBH ) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Keri Mattox – Chief Communications and Administration Officer Ivan Tornos – President and CEO Suky Upadhyay – Executive Vice President, Finance, Operations and Supply Chain, and CFO Conference Call Participants Travis Steed – Bank of America Steve Lichtman – Oppenheimer & Company Vik Chopra – Wells Fargo Rick Wise – Stifel Imron Zafar – Deutsche Bank Caitlin Cronin – Canaccord Genuity Mike Matson – Needham & Company Robbie Marcus – JPMorgan Chris Pasquale – Nephron Shagun Singh – RBC Operator Good morning, ladies and gentlemen. And welcome to the Zimmer Biomet First Quarter 2024 Earnings Conference Call.
ZBH’s Market Performance
Zimmer Biomet Holdings Inc (ZBH) has seen a 1.08% rise in stock performance for the week, with a -6.61% decline in the past month and a -5.25% plunge in the past quarter. The volatility ratio for the week is 2.44%, and the volatility levels for the past 30 days are at 2.01% for ZBH. The simple moving average for the past 20 days is -0.62% for ZBH’s stock, with a 0.74% simple moving average for the past 200 days.
Analysts’ Opinion of ZBH
Many brokerage firms have already submitted their reports for ZBH stocks, with Evercore ISI repeating the rating for ZBH by listing it as a “In-line.” The predicted price for ZBH in the upcoming period, according to Evercore ISI is $125 based on the research report published on January 04, 2024 of the current year 2024.
ROTH MKM, on the other hand, stated in their research note that they expect to see ZBH reach a price target of $120. The rating they have provided for ZBH stocks is “Neutral” according to the report published on October 20th, 2023.
BTIG Research gave a rating of “Buy” to ZBH, setting the target price at $139 in the report published on August 28th of the previous year.
ZBH Trading at -3.29% from the 50-Day Moving Average
After a stumble in the market that brought ZBH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.07% of loss for the given period.
Volatility was left at 2.01%, however, over the last 30 days, the volatility rate increased by 2.44%, as shares sank -5.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.37% lower at present.
During the last 5 trading sessions, ZBH rose by +1.08%, which changed the moving average for the period of 200-days by -14.21% in comparison to the 20-day moving average, which settled at $121.26. In addition, Zimmer Biomet Holdings Inc saw -0.70% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ZBH starting from Yi Sang, who sale 1,705 shares at the price of $126.86 back on Mar 07 ’24. After this action, Yi Sang now owns 18,179 shares of Zimmer Biomet Holdings Inc, valued at $216,296 using the latest closing price.
Phipps Chad F, the Sr. VP/Gen Counsel/Secretary of Zimmer Biomet Holdings Inc, sale 26,156 shares at $128.62 during a trade that took place back on Feb 22 ’24, which means that Phipps Chad F is holding 44,145 shares at $3,364,126 based on the most recent closing price.
Stock Fundamentals for ZBH
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.72 for the gross margin
The net margin for Zimmer Biomet Holdings Inc stands at 0.14. The total capital return value is set at 0.07. Equity return is now at value 7.79, with 4.52 for asset returns.
Based on Zimmer Biomet Holdings Inc (ZBH), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 0.47. The interest coverage ratio of the stock is 6.75.
Currently, EBITDA for the company is 2.34 billion with net debt to EBITDA at 2.3. When we switch over and look at the enterprise to sales, we see a ratio of 4.17. The receivables turnover for the company is 5.13for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.66.
Conclusion
To sum up, Zimmer Biomet Holdings Inc (ZBH) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
